According to officials, on Tuesday, police executed a search and seizure warrant at an apartment on Corbin Avenue.
At the scene, units found 198.4 grams of cocaine, more than $54,500 in suspected drug proceeds and three vehicles.
After these items were seized, police arrested 41-year-old Angel Velez. He was charged with possession of narcotics with intent to sell, operation of a drug factory and other related charges.
He was held on a $250,000 surety bond.